. Traders seems to have jumped
on the other side, and haven't let up. Stocks are rebounding but APPL isn't,
not good sign.
The chart only shows you a
possible set up...it COULD go down and test that price level and hold...but if
it breaks that line....$420 minimum..closer to $380. Stock could be $1500 in 5
years, this is just current setup.
There is bearish death cross in
play, trend has turned bearish on APPL, $350-420 here we come.
NOTICE how the blue line (50
SMA) hasn't crossed the red line (200 SMA) since 2009!!
Doomers and broken clocks are in a bear market. They just don't realize it.
ReplyDeleteI am short Jack B and AAPL. Good post
ReplyDelete